SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule TO Tender Offer Statement Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934 AMENDMENT NO. 2 (Name of Subject Company) Capital Realty Investors Ltd Partnership A District of Columbia limited partnership at $75 Net Per Unit by Equity Resource Lexington Fund Limited Partnership, a Massachusetts limited partnership Equity Resources Group, Inc. Eggert Dagbjartsson Limited Partnership Units Eggert Dagbjartsson, Executive Vice President Equity Resources Group, Inc. 44 Brattle Street Cambridge, MA 02138 (617) 876-4800 Calculation of Filing Fee ================================================================================ Transaction Valuation* Amount of Filing Fee $185,625 $37.13 - -------------------------------------------------------------------------------- * For purposes of calculating the filing fee only. This calculation assumes the purchase of 2,475 Units at a purchase price of $75 per Unit in the Partnership. [X] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. - -------------------------------------------------------------------------------- Amount Previously Paid: $37.13 Filing Party: Equity Resource Lexington Fund Form of Registration No.: Schedule TO/T Date Filed: May 9, 2002 - -------------------------------------------------------------------------------- AMENDMENT NO. 2 This Amendment No. 2 amends and supplements the Tender Offer Statement on Schedule TO originally filed with the Securities and Exchange Commission on May 9, 2002 (the "Schedule TO") by Equity Resources Lexington Fund Limited Partnership, a Massachusetts limited partnership, Equity Resources Group, Inc., a Massachusetts corporation, and Eggert Dagbjartsson, an individual (together, the "Purchaser") to purchase 2,475 units (the "Units") of limited partnership interests in Capital Realty Investors Ltd Partnership, a District of Columbia limited partnership (the "Partnership"), at $75 for each Unit, net to the seller in cash, without interest, less the $100 transfer fee charged by the general partner of the Partnership (per transaction, not per unit) and less the amount of any distributions declared or paid from any source by the Partnership with respect to the Units after May 9, 2002 (without regard to the record date), upon the terms and subject to the conditions set forth in the Offer to Purchase (the "Offer to Purchase") and in the related Agreement of Sale, copies of which are attached hereto as Exhibits (a)(l) and (a)(3) (which are herein collectively referred to as the "Offer"). The information contained in the Offer to Purchase is incorporated herein by reference. Capitalized terms used and not defined herein shall have the meanings ascribed to such terms in the Offer to Purchase. ITEM 4 Item 4 of the Schedule TO, which incorporate by reference the information contained in the Offer to Purchase, are hereby amended as follows: Item 4--Terms of the Transaction The Offer The Offer-Risk Factors is amended to include the following: "The Purchaser has not engaged a depository to hold tendered units until payment. A depository is an independent agent who holds tendered units until payment. The Purchaser has not engaged a depository for the Offer and the transfer of units will not be dependent on a depository's determination that payment has been made. The primary risk associated with the Purchaser's decision to not engage a depository is that the Purchaser will have access to tendered units before all terms of the Offer (including payment for the Units) are complete." SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: May 30, 2002 Equity Resource Lexington Fund Limited Partnership, a Massachusetts limited partnership By: /s/ Eggert Dagbjartsson ----------------------------------- Eggert Dagbjartsson General Partner Equity Resources Group, Inc. a Massachusetts Corporation By: /s/ Eggert Dagbjartsson ----------------------------------- Eggert Dagbjartsson Executive Vice President Eggert Dagbjartsson By: /s/ Eggert Dagbjartsson ----------------------------------- Eggert Dagbjartsson EXHIBIT INDEX - -------------------------------------------------------------------------------- Exhibit No. Description - -------------------------------------------------------------------------------- (a)(1) - Offer to Purchase, dated May 9, 2002* - -------------------------------------------------------------------------------- (a)(2) - Transmittal letter, dated May 9, 2002* - -------------------------------------------------------------------------------- (a)(3) - Agreement of Sale and Assignment* - -------------------------------------------------------------------------------- (a)(4) Summary Advertisement* - -------------------------------------------------------------------------------- (b) - Not applicable. - -------------------------------------------------------------------------------- (c) - Not applicable. - -------------------------------------------------------------------------------- (d) - Not applicable. - -------------------------------------------------------------------------------- (e) - Not applicable. - -------------------------------------------------------------------------------- (f) - Not applicable. - -------------------------------------------------------------------------------- (g) Not applicable - -------------------------------------------------------------------------------- (h) Not applicable. - -------------------------------------------------------------------------------- * Previously filed